NANAIMO, British Columbia & MONTREAL--(BUSINESS WIRE)--Tilray,
a global pioneer in cannabis cultivation, processing and distribution,
announced today that it has signed a Letter of Intent (LOI) with Société
des alcools du Québec (SAQ) to supply the province of Quebec with
high-quality cannabis products in anticipation of adult-use legalization
later this year.

“This LOI is another major milestone for us as we aim to build the
world’s most trusted cannabis company,” said Brendan Kennedy, Tilray
Chief Executive Officer. “We are proud that SAQ has trusted us to supply
the province with high quality products.”

Under the terms of the LOI, Tilray will supply the Quebec market with up
to 5,000 kg of cannabis per year across a variety of brands. Tilray has
licensed trusted brands from other legal cannabis markets and created
new brands for Canadian consumers, which Tilray will bring to Quebec
under the terms outlined in the LOI. Tilray-branded medical products
will continue to be sold exclusively in pharmacies and online through
the Access to Cannabis for Medical Purposes Regulations (ACMPR).

The LOI secures a safe, regulated supply of cannabis products for Quebec
from Tilray, an internationally-recognized federally-licensed producer
trusted for its commitment to quality, compliance and responsibility.
Tilray was the first cannabis company to be Good Manufacturing Practice
(GMP) certified in accordance with the European Union standards, which
has enabled the company to secure supply agreements and authorizations
to dispense its products in hospitals, pharmacies and clinical trials in
eight countries spanning four continents.

About Tilray®

Tilray is
a global pioneer in cannabis, cultivation, processing and distribution
currently serving tens of thousands of customers in eight countries
spanning four continents.